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. it would be progrowth and no more tax hikes by the way. spending and the debt are the top issue of concern for voters. look, these heinous mass murders are not about weapons. question -- why isn't anyone tackling the really tough issue that may be the root causes of these atrocities? such as broken families, such as the absence of fathers who set examples for their sons? such as the loss of faith in our schools? such as our homes and our culture that have lost faith as well. tonight, we are going to talk about the family values breakdown in america. "the kudlow report" begins right now. another key point tonight. for most of the history, america drew at 3.5% per you. the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small
:00 a.m. l melissa: i melissa francis and here's what's "money" tonight. are no state income taxes the next big thing? feels like it. nebraska is the latest to consider ditching them for good. but unlike other recent proposals nebraska governor dave heineman says he is not going to raise other taxes to make up for it. hmmm. he will join us to explain just how that could possibly work coming up. >>> plus, an offer from the islamic militants holding two americans hostage in algeria. they will release them in exchange for two convicted terrorists currently in u.s. prisons. could attacks like this against oil and gas facilities become a new tactic in the war against terror? we'll hear from today's power panel. >>> we're shelling out big bucks for purell, flu shots, respiratory masks, tamiflu like there is no tomorrow and people are still getting sick in record numbers. drug companies may be profiting. are we just wasting our money? we'll get to the bottom line. even when they say it's not it is always about money. melissa: all right. first today's market moment. a slate of strong corpo
wanted to make a comment about the tax code system. it's so complicated. i think that the government wants to do something to help out the economy, they could institute a fair tax or a flat tax, something like the libertarian candidate gary johnson was advocating last year where if you buy something you just pay the tax on it, there is no more income tax or corporate tax but a consumption type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across the board as far as taxes go. host: thanks for the call. we welcome our listeners and our focus this morning the role of government in solving america's problems. it was something that dwight eisenhower talked a
, a big hoax, you'll hear the wild story next. and payroll taxes going up across the board, but a governor has a plan to eliminate his state income taxes, is he the governor of your state? he's hear. did you hear what former president bill clinton said about his wife, secretary of state hillary clinton? you're going to be surprised and hear from president clinton himself coming up. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. [ male announcer ] marie callender's puts everything you've grown to love about sunday dinn into each of her pot pies. tender white meat chicken and vegetables in a crust made from scratch. marie callender's. it's time to savor. [ male announcer ] finally mom's oven baked taste... straight from the microwave. lik
football stair is at the center of a hoax, a big hoax, you'll hear the wild story next. and payroll taxes going up across the board, but a governor has a plan to eliminate his state income taxes, is he the governor of your state? he's hear. did you hear what former president bill clinton said about his wife, secretary of about his wife, secretary of state hilililililil [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the rd like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanes
, of course, in the middle east. but up first, the biggie, taxes. here's christine romans. >> reporter: the challenge, tax reform. for the first time in 20 years, taxes are going up for the rich. they'll pay a higher top marginal income tax rate, higher taxes on dividends and capital gains and a higher estate tax rate, but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in the society, very tiny percentage. i frankly think that there are more taxes coming and they will bite deeper into the middle-class. >> reporter: in fact, two-thirds of americans will pay higher taxes in 2013. the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republ
jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meansfor com. bill see you monday. ♪ ♪ gerri: hello, everybody. i'm gerri willis. more taxpayer waste from the obama administration. you're not surprised. a new report says millions of dollars for great energy and the 2009 stimulus package went to foreign companies. with more on this and, senior political columnist for the washington examiner. it's great to see you again, as always. i mean, look at the dollars and sincere. 16 billion for the green energy program. one out $4 went to foreign compa
case or hurt his cause? we will get reaction. dagen: and intimate the state income tax. one governor laid out his case, and wayne rogers likes the idea. top of the hour, nicole petallides is covering it for you o on the floor of the new yk stock exchange. nicole: the market is likely to the downside. the trend has been the major market averages are not too far off the unchanged line. see the dog over the unchanged line 50 times in one day is not unusual to see that, however the trend had been to the upside looking like nine trading weeks we have seen the s&p 500 now hovering around the five year highs. dow jones industrials as well and the nasdaq composite as well. intel weighing on the major averages, you can see down 6.25%. if you took out intel out of the dow, the dow would be flat right now. they came up with profits that were disappointing, weak outlook. not good news for intel weighing on the major averages, but technology in general. back to you. dagen: forget about washington. our next guest says stop talking about it, investors should be focused on making money in the econom
is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do that so we have a baseline for negotiations. >> well, let's revisit what the debt limit actually is. this is about congress paying the bills for what it has already racked up. the white house has made clear that the president will take a look at the proposal. they said it is e
. and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day nning streak falling 23 points. more turbulence for boeing 787 dreamliner. a faulty battery forced an emergency landing of a 787 in japan after a result the japan airlines are grounding their entire dreamliner flight facing safety inspections. shares of boeing fell more than 3%. hewlett-packard rallied more than 4% reported they received buyer interest for the edf units in recent days, however sources say no major sailors coming anytime soon. but we have to move on to the story that everybody is talking about. president obama signing 23 separate executive actions on gun violence today. and those actions could have a huge impact on the firearms industry. among other things,
is all tax deductible. the irs says the compensation to homeowners as the cost incurred in the crse of doing business and is not a fine or penalty but the result of wrongdoing. i say if they didn't do anything wrong there probably wouldn't be showing -- shelling of billions of dollars. we should not be footing any part of the bill for the mistake . as one homeowner put it, the government comes after us for every little bit of money we have. that's because we aren't too big to fail. we just have to bail out the ones that are. that's what i think. now we want to know what you think. here's our question. should banks be allowed to deduct the mortgage settlement? log on to gerriwillis.com, vote on the right inside the screen and all share the results of the end of the show. not to the latest developments in the hostage situation in algeria. one american reportedly dead a takeover and natural gas plant by islamic militants. algerian news agencies report around 100 foreign workers are freed. the fate of 30 other foreign energy workers remains uncertain today militants' offering to trade t
in an unprecedented move he is reportedly turning his releblgs campaign into a tax exempt group to push his second term agenda. chief washington correspondent james rosen joins us live on this. >> for obama campaign staff and supporters will be gathered in washington this coming sunday. it will be a reunion of sorts. but also they will witness the launch of this new group at an event dubbed the obama legacy conference. according to a report on the web site poll lit co the pro obama organization will be a 501 c 3 a nonprofit for the legislative battle. it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the halls of congress. we are going to take it beyond that. we are goin
, a way they can pay taxes and drive cars and live as human beings. if you want to talk from there to a path to citizenship, i think we can build a consensus around that by the steps would be required. it would be terrible to say we are going to have made them legal and they would never have an opportunity for citizenship. i think that would say something we would not like. the ambassador and i could probably debate the strategy on how to get from here to there but there is no question what is needed immediately is legalization and a path to get to where we would like to be. >> then you talk about the difference between now and 2007? are you more hopeful this time? >> i believe, there have been more people coming out in favor. there are people who have moderated their stance on this from six years ago and i think part of that is an understanding that no action is very bad for the country. i would also like to say, because i believe you have an asian background, the question about the future flow is excellent. this is not just about hispanic immigration, or undocumented immigr
is higher and i said no, it isn't. you are making that up. we are not including state taxes. neither am i am including the surtax on medicare. >> 3.8%. >> neil: and they said made that up. it's in your law, reading it to you. they swore, it's not there. you now have this dilemma in new york, you have a dilemma with the healthcare law. it's sort of like the gift that keeps giving. >> 20-page bills in plain honest english that lawmakers at the state and federal level will actually read before they vote on this them. 20 pages, framers of our constitution framed our government in 18 pages. there should be symposiums to help the reporters to do a more responsible job of covering healthcare. frankly they were somewhat come police it in the public getting bamboozled. >> neil: here is what is scary. here is what should be pushing and you should be saying. you missing the good in this. maybe other things that i am not aware of, but my point is that is a little weird? >> yes, bu where is the reporters when it comes to looking at the facts. remember the president saying skyrocketing health spending. th
that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little movement going north, unfortunately. >> the followup to that is how much of all of that is priced into the market? does the market react negatively or positively when in fact we see the earnings took a hit? >> in fact, rick santelli, had a slew of economic data out, the beige book and lieu it all the market is
is hungry for that after getting hosed in that high tax bill. >> i think you're a bit off, larry, respectfully in that republicans i think want to have these spending cuts. but they're picking a strategic battle. and you could be right in saying they're picking the wrong battle. but they don't want to have the spending battle on the debt limit. they want to have it on the cr, that continuing resolution to fund the government for the rest of the year. >> well, i am 100% -- look, i do not want to mess with the debt ceiling. i don't want to mess with that. that's a domestic and international global meltdown. so to that extent i agree. i just didn't hear the rest of the story laid out very coherently regarding spending. i didn't hear it from paul ryan, and i didn't hear it from the leaders. and that's the part i don't get. the debt ceiling, three months, whatever. the continuing resolution, that's a little bit in the weeds. but all right. fine. you can work with that. but i didn't hear them say what that was going to mean for spending, either. >> that's a great point, larry. they're
. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in taxes is a dollar that we can't give back to the customers in lower prices, a dollar we can't pay to our team members and higher wages and benefits. it's a dollar that we can't give back to the suppliers with lower prices. it's a dollar that we can't donate fill v-- fi -- and you need to hear this next, but the headlines are screaming scandal. a new cheater joining the ranks of tiger woods, arnold schwarzenegger and kristin stewart. who is it? well, that's coming up. and in two minutes, a 16-year-old is drunk driving and a mother finds a public way to punish him. is she teaching him a good lesson or going too far? you se
not want to do it. he actually does want to negotiate on spending and tax reform. what he does not want to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if
. but there are enormous complexities in the tax accounting and operational challenge. can you say what your thinking is in that area? >> now that i have a voice again with some water, jet lag and a cold, you can't hold me back. money market funds will be one of the primary issues that the commission tackles in the coming months. you know, the process is under way, but quite frankly, we at the commission can and have been proceeding without too much reference to what's going on, and i think there is a new spirit at the commission working with the staff, industry and amongst the commissioners and the consensus that we need to take some action. obviously, there has been a lot of press about potentials involving the float. i have expressed that would be a great avenue to explore, recognizing, as you point out, there are pretty serious tax and accounting issues that have to be addressed and haven't been addressed even though this has been going around the industry for four, five years. on the accounting front, i'm hopeful that as the commission has authority over it, we can figure something out there, if
to raise taxes and democrats don't want to touch entitlements it will be a heavy left but may bring optimistic. >> gregg: do allies of president obama maybe there is an opportunity to get big things done? >> they do seem encouraged following the house republicans' offer to increase the debt limit nation's built to borrow for three months and in exchange allow the house and senate to pass a budget. republicans would like to see a budget with spending cuts. here a key white house advisor on the g.o.p. offer. >>> we don't think the short term is smart for the economy. two or three months has uncertainty. we are please today see the republicans in the house drop their previous position which was, they were only going to pay the bills they racked up if they got what they wanted in deep spending cuts in medicare and other programs. that is progress. >> reporter: starting a new term president obama has reluctance will ri he is the one politician in washington who does not have to run for reelection. it be interesting to see what he wants to do to try to push big things across the finish li
the republicans stand for, small government, low taxes, growth. there are other conservative voices calling for a broader base, rain in the right and make a direct appeal to women and minorities, retreat on social issues like gay marriage, abortion, legalize marijuana, they want compromise, at reach, inclusion and a smaller voice on contentious issues. personally i think conservatives should change the tone. enter over the election turns people off. name-calling is a loser. smile, persuade. a party of growth and optimism will surely have its place in the sun. all right, we're going to talk more about the direction of the gop in a moment but we have this breaking news. the federal reserve has released a load of documents from several closed-door meetings that it had in 2007 as the financial crisis was just getting rolling. among the in relation being released, the minutes from three emergency sessions that the fed at a time when the economy was i'm going to say, adding. there could be some dramatic exchanges, how often insiders says there had to be embarrassing stuff in there. if there wasn'
more. you do not want to miss lou dobbs coming up with his take of the situation as well. lori: one tax stock or company helping you file your tax returns is hitting a 52-week high. is there more upside the head? melissa: and retirement age racing. they plan to increase the retirement age to 70. a look at metals as we head out to break. gold trading higher by half a percentage point. copper leading the way from a percentage point of view. we will be right back. melissa: as with every 15 minutes, let's check the market. nicole is watching. nicole: i am, indeed. this is a name that has headlines and number one performer in the s&p 500 today. stellar performance, up 9.5%. there is quite a bit going on with cbs. they're turning their north and south american outdoor advertising divisions, putting some billboard divisions up for sale. one analyst says a split could unload asset values between 5,000,000,006,000,000,000. here is a one-year chart that shows you how well they set up for the one-year period the tenure charge shows how we went through the crisis. recouped all those losses and stil
's instant opposition is not about raising taxes on the wealthy, like last year. nor is it about proposing to raise the tax cuts. this time the issue is gun safety, including universal background checks supported by nearly nine out of ten americans. the president, once again, is taking his message to the people. as did he with _#$40. >> i promise you the american people, your voices, made a difference on this debate zoosh as he did with _#my2k. >> if there's one thing that i have learned, when the american people speak loudly enough, lo and behold, congress listens. >> yesterday the white house launched _#now is the time. >> this will not happen unless the american people demand it. >> the president has a new website explaining the proposed laws. he penned an op ed in the connecticut post today, and he is planning to hit the road to sell his plan with speeches around the country. as the white house tries to engage the public, senate majority leader harry reid will try to engage the senate. in a statement yesterday reid wrote "i am committed to insuring that the senate will consider legisla
laundering, tax fraud and filing false tax returns. it's alleged nagin took flat-out cash kickbacks from city contractors. he ran as a reformer, even in the long history of corrupt government officials in new orleans, this federal indictment is a first. some time ago, ray nagin left new orleans and moved to dallas, texas. >>> more bad news for boeing after the faa grounded all their 787 dreamliners while they investigate some onboard problems. boeing has now suspended deliveries of the aircraft to customers. this has been a huge blow to the big seattle manufacturer, because of what the 787 means in their fight for market share with airbus of europe. boeing has nearly 800 orders for new dreamliners in these coming few years. >>> in washington tonight, with our latest polling showing the gop at its lowest approval rating in years, there are indications the party is trying to avoid being seen as obstructionist in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a bu
school? mr. obama demands of will to pay their fair share of taxes but he is just another elitist hypocrite when it comes to his fair share of security. protection for his ks angun- free zones for hours. -- for ours. >> at the white house, and jay carney called the ad cover the. the nra says that the ad is not aimed at anyone's child in particular. anyone who says otherwise is changing the topic and missing the point. sales have gone through the roof. can the president moving mountain this time around? >> no, and it is trupublic inion has changed, there is more desire for gun control than ever but i do not think congress will budge on the big stuff. what the nra did was odious. i think the president is on the high ground, but he will not get real gun-control done. >> the 23 executive actions were fairly trivial, nothing major about it. i think it will not have any effect. it was the appearance of motion. the three big items on the table for the cgress, assault weapons b, limit othe size of the magazine clip, and universal background checks -- the last one has very strong public op
within the society. ordinary people are suffering of austerity. a few people involved in a tax scandal. whether to investigate top politicians including two former prime ministers and the former finance minister or canceling a list of suspected tax evaders with the names of thousands of greeks on it. the former finance minister in greece has denied responsibility. >> he denies any involvement. he said he did not dr. the list and and he's being made a scapegoat. ordinary greeks have latched on to this affair, captivated by every twist and turn. it confirms for them better in quality gap between the wealthy and poor has grown, that corruption still eats up the heart of this troubled country. they are desperate to find somebody to blame, somebody to punish for the mess that this country is in. top story. he grounding of boeing's dreamliner is grounded pretty much globally accept for ethiopia. it is inevitable that they will follow suit. >> stay with us. we have errantry coming up here on gmt -- a rare treat. what it was really like to be a russian czar. we will step inside the kremlin. th
. later on fox business i want you to meet the corn husker turned tax buster. the latest governor to give the income tax shove. do you notice a trend here? more and more governors, republicans governors are doing this. what are they up to? what are they really up to? tonight at 8:00. >> eric: hello, i'm eric bolling with andrea tantaros, bob beckel,be dana perino and gregreg gutfeld is back! it's 5:00 in new york city. this is "the five." ♪ ♪ >> eric: as expected, president become become used kids as backdrop addressing the american people on the plans for a new gun control. here he is. just hours ago. >> these are smart letters from some pretty smart young people. hennah a third grader. you can wave. that's you. henna wrote, i feel terrible for the parents who lost their children. i love my country and i want everyone to be happy and safe. grant -- go ahead and wave, grant. grant said i think there should be some changes. learn from what happened at sandy hook. i feel really bad. >> eric: the president outlined a series of proposals including closing background check loopholes,be ban
share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. lou: the white house responded by calling the nra cowardly. press secretary offering one of those obama rules as they like to call the say most americans agree that a president's children should not be used as pawns in a political fight. but to go so far as to make the safety of the president's children the subject of an attack and is repugnant and cowardly. well, obama rule number one. bad form to point out the president's children are protected by armed guards and appropriately so, but okay for the presidents to use other people's schoolchildren as props in his news conference in which he advocates a rollback of second amendment rights. our first guest says the president is using the tragedy to bolster an anti-gun agenda and that that is an affront to the second amendment. joining us tonight, the attorney general of the great state of texas. good to have you with this. let me first give your reaction, if i may, to the president's executive orders and as they are called, memoranda to dea
and evaporation. combination of those variabl variables. >> the shippers pay a tax to the lar boar maintenance fee for such work. in recent years the senators on both sides of the aisle, including carl levin of michiganbe complain the fund has been raided for other federal spending. >> steve brown on the banks of lake michigan. thank you. >> interior secretary ken salazzar the latest official to head out the door. they say he will leave in march. he joins the secretary of state, treasury, defense, labor and the epa chief in announcing their departures. more than 8,000 new york city school bus drivers on strike tonight. many students disabled had to find other ways to school this morning. job protection is the hang up. they put a contract with the private bus up for bid. it just got tougher to have your voice heard by the white house. taking gun control at schools for what you might consider a ridiculous extreme. grapevine explains next. >> bret: the white house quadrupleed the threshold on the signatures for the lead the people petition site. the new minimum, 100,000 signatures in 30 days. that is
the city counsel stopped the increase of taxes. >> today, mavericks will begin get southing -- setting up the festival which is expected to be packed with visitors. >> way too many customers and probably not enough food. >> a high surf advisory has beenish issued. authorities are morning to be careful with the waves like this one. stay tuned coverage on the mavericks surfing competition. you can watch online at ktvu.com or use our mobile ap. >>> if you are heading out to the beach today, you want to avoid the water because the waves are coming in. >>> sure, the sneaker waves are exactly what they are called. they can wash you out, especially the little ones oen the beaches. be prepared if you are going out there. it's going to be a nice beach day, just be prepared. look at the golden sun, plenty in store. we will continue with the cool conditions at least in the next hour or so. a rapid warm up. here's a look at what we are expecting, anywhere from 8 to 10 feet today. out at mavericks for the afternoon tomorrow, the waves hitting 30 feet and above. it's going to be a great day to observe
taxes up to the level where you fund the promises that we've already made. the entitlements that we've already made and the guarantees we've made, they just want to raise taxes on somebody. i don't know who, to the point where we never actually reform medicare, medicaid or social security. >> the question i want to ask him, is there ever a time that he's making, is it now given where we are in the economy? >> well, the question is, you put in a hundred and you take out 400 in medicare and the government covers 300. >> and it makes no sense. >> well, no, but there are people that think that the government's roll is to provide that 300. and so we should raise taxes to the point where you -- it doesn't matter that you -- >> right. >> it doesn't matter. that is the redistribution. >> that's the agal tearan notion or the equality, the fairness in outcome. >> i'll give it to him. we'll ask the question. >> i just hope you got fired up watching lance. >> i'm fired up watching lance. i'm fired up for that interview. >> i can tell he hurt you. i could tell from when you were over there, you
to be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government cannot act as a source of even buying in bulk for cutting prices. >> that's exactly right. and in fact i'm also supportive of legislation that would allow medicare, just leak the veterans administration to negotiate with the manufacturers, the drug companies, for lower drug prices. and i guess the point is that there are -- >> it doesn't work. didn't work in the case of drug prescriptions. if you were to expand this to care, what -- >> no, no. >> what is the chance you would get more bang for the buck? >> here's
. >> for decades we've been told don't tax the upper class because the less tax they have, the better it is for the middle class. true or false? >> false. the idea of the job creators belies -- the truth about the economy is the vast middle class, everybody is aspiring to join the middle class, they are the job creators because their spending creates jobs. >> we've been sold on this for years. >> i don't know why they've been sold on this. trickle-down economics, the idea if you give more tax breaks to people at the top and companies at the top, you're going to create jobs, has been proven over and over again to be false. >> some amazing insight. what's next for robert reich? he says if the president asks, he would go back to washington. as for now he loves teaching at cal and just released his latest book called "beyond outraged. "you can find the segment on nbcbayarea.com/the interview. >>> new details in the hostage standoff in algeria. the u.s. confirms one american worker at the natural gas complex is dead. the plant is located in northern africa in the sahara desert about 800 mi
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